The Islamic Republic of Iran’s steadfast resistance to US aggression has exposed the desperation of Donald Trump’s administration, triggering a cascade of economic fallout—most notably a catastrophic plunge in global cryptocurrency markets.

As the world watches, Trump’s latest ultimatum—threatening to “obliterate” Iran’s power plants unless the Strait of Hormuz is reopened within 48 hours—has backfired spectacularly, revealing not strength, but panic.

The cryptocurrency sector, already on…